Developing Shtokman: Mitigating the Environmental Impact
Marat Sharifullin, Deputy Technical Director for Environment, Shtokman Development AG Ensuring environmental safety is one of the main conditions when developing large oil and gas projects in the Russian arctic, and this especially applies to the Shtokman gas condensate field (SGCF) development project in the Barents Sea. The Shtokman project …
Challenges in Developing the Russian Arctic
M.A. Kuznetsov, K.K. Sevastyanova, S.A. Nekhaev, P.V. Belyaev, P. A. Tarasov, Ph.D. Ph&M LLC RN-SakhalinNIPImorneft Introduction Rosneft owns a number of licenses for developing Russian continental shelf deposits, including those located in the arctic and subarctic regions. Among the principal difficulties related to the execution of projects in the Arctic …
Rosneft Consolidates Stake in OJSC Vostsibneftegaz
Rosneft has increased its stake in OJSC Eastern Siberian Oil and Gas Company from 70.78% to 99.87% through the acquisition of shares from Montenore Investment LTD and from minority shareholders as part of a mandatory buy back offer procedure. The Company paid 9.3 billion rubles to consolidate its stake in …
Rosneft Closes Acquisition of 35.3% Stake in Taas-Yuryakh Project from Sberbank
Rosneft has closed a deal to acquire a 35.3% stake in Taas-Yuryakh Neftegazodobycha from Sberbank. The value of the deal was set to correspond to the historic cost of the project for Sberbank, equalling $444 million. Taas-Yuryakh Neftegazodobycha is the holder of oil production licences for the Srednebotuobinsk oil and …
Gazprom Neft Starts Work on Third Well at the Badra Field in Iraq
Gazprom Neft has started work to reactivate well Bd1 at Badra, Iraq, where it is operator. The work will make it possible to determine the technical state of the well and subsequently test four productive stratas at the site. This is the third well at Badra that Gazprom Neft has …
Caterpillar Power Systems Celebrates Launch of Brazilian Operations
Diesel Electric Propulsion Generator Sets in Full Production at Piracicaba Facility. Caterpillar is pleased to announce the Cat© 3500C Diesel Electric Propulsion (DEP) generator sets have entered full production at the Piracicaba, Sao Paulo manufacturing facility, delivering on a commitment to offer superior Cat power solutions products to the burgeoning …
Tatneft Develops New Technologies for the Production of Oil and Water
A technology of water dumping and utilization of the produced water in the cluster wells has been developed and tested at TATNEFT Company. Selection of the technology has been implemented jointly by the specialists of TatNIPIneft and NGDU “Yamashneft.” An experimental technology increases the operational efficiency of watered oil wells …
Pipeline Transport – 2012: Diagnostics, Maintenance and Reconstruction
April 20, 2012, Marriott Moscow Royal Aurora Organizer: RPI Supported by: TNK-BP Sponsor: Herrenknecht AG, Kropotkin Engineering Plant DON’T MISS A SPECIAL OFFER! ONLY TILL March 31 – “EARLY BIRD” PRICE: 795 EURO* *All taxes are included. Special fee is available through March, 31, 2012. 1.04.2012 price will be increased on …
KazMunaiGas Exploration & Production Board of Directors elects Chairman
KMG EP held a regular meeting of the Board of Directors. At the meeting, Lyazzat Kiinov, Chairman of the management board of JSC National Company KazMunayGas, was elected Chairman of the Board of Directors of KMG EP. The Board of Directors of the Company has approved the date and the agenda …
Tatneft Introduces New, Efficient Chain Drive Pumps
OAO TATNEFT continue implementing the program of introducing long-stroke balancer-free chain drives (CD) in sucker rod pumping installations which significantly reduce maintenance costs of oil production. The active Company’s well stock, equipped with chain drives amounted to 1,383 units as of the beginning of 2012. Of this amount 1,069 wells …